USDA announced the details of its second program providing trade retaliation relief to American farmers on Thursday. U.S. pork producers who are eligible for this program will receive $11 per head based on inventory between April 1-May 15, 2019. The USDA also announced it will make pork purchases of $208 million to support its programs for the food insecure.
"U.S. pork producers are highly dependent on export markets, shipping more than 25% of production to foreign markets. We are grateful to the Trump administration for providing partial relief as hog farmers have incurred significant losses due to trade disputes that have lingered for more than a year," said National Pork Producers Council President David Herring, a producer from Lillington, N.C.
Herring said NPPC's top objective remains the same - to seek the opportunity to compete on a level playing field in markets around the globe.
"Our top priorities are an end to the trade dispute with China, where retaliatory tariffs are preventing U.S. pork from fully capitalizing on a historic sales opportunity created by the outbreak of African swine fever in the world's largest pork-consuming nation, and a trade agreement with Japan, where U.S. pork is losing market share due to trade agreements Japan has recently formed with the EU and other international competitors," he said.
USDA's second trade retaliation relief package is valued at $16 billion, with $14.5 billion dedicated to producer payments, $1.4 billion for commodity purchases and $100 million through its Agricultural Trade Promotion Program to help U.S. farmers and ranchers identify and access new export markets.
“China and other nations have not played by the rules for a long time, and President Trump is the first President to stand up to them and send a clear message that the United States will no longer tolerate unfair trade practices,” Secretary Perdue said. “The details we announced today ensure farmers will not stand alone in facing unjustified retaliatory tariffs while President Trump continues working to solidify better and stronger trade deals around the globe.”
Sign-up for the program begins Monday, July 29 and ends Dec. 6. For more information, visit: www.farmers.gov/manage/mfp.
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